Monday, July 21, 2008

Trump's Place in Palm Beach Goes for $95M

Your Mama is a little late to the rodeo on this one, but we're finally getting around to informing the children that brash and brassy real estate tycoon Donald Trump closed on the recent record breaking sale of his tacky and tasteless flip property called Maison La Amitie in Palm Beach for a breathtaking $95,000,000.

Mister Trump has been boasting and bragging for months that the deal was for $100,000,000. However, according to the Palm Beach Post (and property records), the deal actually closed for $95,000,000. A Palm Beach Post source is quoted as saying the actual price was adjusted downward from the $100,000,000 in last minute negotiations with Mister Trump picking up all the closing costs, which the children can bet were staggering.

As Your Mama and many others noted previously, the buyer is a billionaire fertilizer mogul from Russia named DmitryRybolovlev who Forbes lists as the 59th richest person in the world with an estimated net worth of $12,300,000,000.

All us crazy real estate watchers will be holding our collective and proverbial breath to see if Mister Rybolovlev tears the house down as is rumored up and down swanky N. County Road in Palm Beach.